{"id":41213,"date":"2018-10-23T09:17:50","date_gmt":"2018-10-23T07:17:50","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=41213"},"modified":"2018-10-23T09:17:50","modified_gmt":"2018-10-23T07:17:50","slug":"acceleware-ltd-announces-us2-5-million-agreement-with-advanced-micro-devices-inc","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/41213-acceleware-ltd-announces-us2-5-million-agreement-with-advanced-micro-devices-inc\/","title":{"rendered":"Acceleware Ltd. Announces US<\/span>$2.5 Million Agreement with Advanced Micro Devices, Inc."},"content":{"rendered":"
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Acce\u00adle\u00adwa\u00adre to pro\u00advi\u00adde human capi\u00adtal and con\u00adsul\u00adting ser\u00advices to sup\u00adport the deve\u00adlo\u00adp\u00adment of a new cen\u00adter of machi\u00adne lear\u00adning soft\u00adware excel\u00adlence in Cal\u00adga\u00adry<\/span><\/i><\/p>\n

CALGARY<\/span><\/span>, Oct. 22, 2018<\/span> \/CNW<\/span>\/ \u2014 Acce\u00adle\u00adwa\u00adre Ltd. (TSX<\/span>\u2011V: AXE<\/span>) (\u201cAcce\u00adle\u00adwa\u00adre\u201d or the \u201cCom\u00adpa\u00adny\u201d) is plea\u00adsed to announ\u00adce it has signed an agree\u00adment (the \u201cAgree\u00adment\u201d) with a Cana\u00addi\u00adan affi\u00adlia\u00adte of Advan\u00adced Micro Devices, Inc. (NASDAQ<\/span>: AMD<\/span>) (\u201cAMD<\/span>\u201d). Over the next four months, Acce\u00adle\u00adwa\u00adre will recei\u00adve cash com\u00adpen\u00adsa\u00adti\u00adon of US<\/span>$2.51 mil\u00adli\u00adon<\/span> from AMD<\/span> in exch\u00adan\u00adge for cus\u00adtom soft\u00adware engi\u00adnee\u00adring resour\u00adces and con\u00adsul\u00adting ser\u00advices.  Acce\u00adle\u00adwa\u00adre has amas\u00adsed exten\u00adsi\u00adve par\u00adal\u00adlel com\u00adpu\u00adting soft\u00adware deve\u00adlo\u00adp\u00adment exper\u00adti\u00adse and GPU<\/span> acce\u00adle\u00adra\u00adted HPC<\/span> appli\u00adca\u00adti\u00adons know\u00adledge as a result of its num\u00ade\u00adrous soft\u00adware pro\u00adducts and the pro\u00advi\u00adsi\u00adon of cus\u00adtom soft\u00adware deve\u00adlo\u00adp\u00adment ser\u00advices to the oil and gas indus\u00adtry.  As part of the Agree\u00adment, the Company\u2019s cus\u00adtom soft\u00adware deve\u00adlo\u00adp\u00adment team will tran\u00adsi\u00adti\u00adon to a new AMD<\/span> site in Cal\u00adga\u00adry<\/span>, expan\u00adding AMD<\/span>\u2019s exis\u00adting foot\u00adprint in Cana\u00adda<\/span>. Acce\u00adle\u00adwa\u00adre will also pro\u00advi\u00adde con\u00adsul\u00adting ser\u00advices to AMD<\/span>.<\/p>\n<\/div>\n<\/div>\n

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Acce\u00adle\u00adwa\u00adre will use the US<\/span>$2.51 mil\u00adli\u00adon<\/span> lar\u00adge\u00adly to finan\u00adce its pre\u00advious\u00adly announ\u00adced RF<\/span> XL<\/span> com\u00admer\u00adcial-sca\u00adle test, sche\u00addu\u00adled to break ground in the first quar\u00adter of 2019. <\/p>\n

\u201c<\/span>With this non-dilu\u00adti\u00adve capi\u00adtal injec\u00adtion, Acce\u00adle\u00adwa\u00adre will be able to shar\u00adpen our focus on our RF<\/span> XL<\/span> hea\u00adting tech\u00adno\u00adlo\u00adgy going for\u00adward and con\u00adti\u00adnue to advan\u00adce our RF<\/span> XL<\/span> com\u00admer\u00adcial-sca\u00adle test,\u201d said Geoff Clark<\/span>, CEO<\/span> of Acceleware.<\/p>\n

\u201c<\/span>The agree\u00adment with Acce\u00adle\u00adwa\u00adre fur\u00adther streng\u00adthens our machi\u00adne lear\u00adning soft\u00adware exper\u00adti\u00adse and we are exci\u00adted to estab\u00adlish an addi\u00adtio\u00adnal cen\u00adter of soft\u00adware excel\u00adlence in Cal\u00adga\u00adry<\/span>,\u201d said Ajit Mathews<\/span>, Cor\u00adpo\u00adra\u00adte Vice Pre\u00adsi\u00addent, Com\u00adpu\u00adte and Machi\u00adne Lear\u00adning Soft\u00adware at AMD<\/span>.<\/p>\n

Acce\u00adle\u00adwa\u00adre remains com\u00admit\u00adted to pro\u00advi\u00adding best-in-class sup\u00adport for its exis\u00adting soft\u00adware pro\u00adducts and will retain both of its core seis\u00admic and elec\u00adtro\u00adma\u00adgne\u00adtic teams to ensu\u00adre con\u00adti\u00adnui\u00adty and unin\u00adter\u00adrupt\u00aded ser\u00advice for its cus\u00adto\u00admers.  This Agree\u00adment repres\u00adents ano\u00adther important mile\u00adstone for Acce\u00adle\u00adwa\u00adre as its busi\u00adness is fur\u00adther cen\u00adte\u00adred around the com\u00admer\u00adcia\u00adliza\u00adti\u00adon of its radio fre\u00adquen\u00adcy hea\u00adting tech\u00adno\u00adlo\u00adgy and the mar\u00adke\u00adting and sup\u00adport of high-per\u00adfor\u00admance com\u00adpu\u00adting soft\u00adware products. <\/p>\n

About Acce\u00adle\u00adwa\u00adre<\/b><\/p>\n

Acce\u00adle\u00adwa\u00adre (www.acceleware.com<\/a>) is an inno\u00adva\u00adtor of clean-tech oil and gas tech\u00adno\u00adlo\u00adgies com\u00adpri\u00adsed of two busi\u00adness units: Radio Fre\u00adquen\u00adcy (RF<\/span>) Enhan\u00adced Oil Reco\u00advery and Seis\u00admic Ima\u00adging Software.<\/p>\n

Acce\u00adle\u00adwa\u00adre is deve\u00adlo\u00adping RF<\/span> XL<\/span> and Modu\u00adlar RF<\/span>, its paten\u00adted and patent-pen\u00adding low-cost, low-car\u00adbon pro\u00adduc\u00adtion tech\u00adno\u00adlo\u00adgies for hea\u00advy oil and oil sands that are mate\u00adri\u00adal\u00adly dif\u00adfe\u00adrent from any hea\u00advy oil reco\u00advery tech\u00adni\u00adque used today. They will use no water, requi\u00adre no sol\u00advent, have a small phy\u00adsi\u00adcal foot\u00adprint, can be rede\u00adploy\u00aded from site to site, and can be adapt\u00aded to a multi\u00adtu\u00adde of reser\u00advoir types, while expec\u00adted to great\u00adly redu\u00adce and even\u00adtual\u00adly eli\u00admi\u00adna\u00adte pro\u00adduc\u00adtion green\u00adhouse gas emis\u00adsi\u00adons (GHGs). In shal\u00adlow oil sands imple\u00admen\u00adta\u00adti\u00adons, no tailings ponds will be required.<\/p>\n

Our seis\u00admic ima\u00adging soft\u00adware solu\u00adti\u00adons are sta\u00adte of the art for high fide\u00adli\u00adty ima\u00adging, pro\u00advi\u00adding the most accu\u00adra\u00adte and advan\u00adced ima\u00adging available for oil explo\u00adra\u00adti\u00adon in com\u00adplex geo\u00adlo\u00adgies. Acce\u00adle\u00adwa\u00adre is a public com\u00adpa\u00adny on Canada\u2019s<\/span> TSX<\/span> Ven\u00adture Exch\u00adan\u00adge under the tra\u00adding sym\u00adbol \u201cAXE<\/span>\u201d.<\/p>\n

This news <\/i>release<\/i> con\u00adta\u00adins \u201cfor\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon\u201d within the mea\u00adning of Cana\u00addi\u00adan secu\u00adri\u00adties legis\u00adla\u00adti\u00adon. For\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon gene\u00adral\u00adly means infor\u00adma\u00adti\u00adon about an issuer\u2019s busi\u00adness, capi\u00adtal, or ope\u00adra\u00adti\u00adons that are pro\u00ads\u00adpec\u00adti\u00adve in natu\u00adre, and includes dis\u00adclo\u00adsure about the issuer\u2019s pro\u00ads\u00adpec\u00adti\u00adve finan\u00adcial per\u00adfor\u00admance or finan\u00adcial position.<\/i><\/p>\n

The for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon in this press release can be iden\u00adti\u00adfied by terms such as \u201canti\u00adci\u00adpa\u00adtes\u201d, \u201cbelie\u00adves\u201d \u201cpoten\u00adti\u00adal\u201d, \u201cwould\u201d and \u201cwill\u201d, and includes infor\u00adma\u00adti\u00adon about the finan\u00adcing of the com\u00admer\u00adcial-sca\u00adle test of RF<\/span> XL<\/span>. Acce\u00adle\u00adwa\u00adre assu\u00admes that future capi\u00adtal rai\u00adsing efforts will be successful. <\/i><\/p>\n

Actu\u00adal results may vary from the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon in this press <\/i>release<\/i> due to cer\u00adtain mate\u00adri\u00adal risk fac\u00adtors. The\u00adse risk fac\u00adtors are descri\u00adbed in detail in Acceleware\u2019s con\u00adti\u00adnuous dis\u00adclo\u00adsure docu\u00adments, which are filed on SEDAR<\/span> at www.sedar.com<\/a>.<\/i><\/p>\n

Acce\u00adle\u00adwa\u00adre assu\u00admes no obli\u00adga\u00adti\u00adon to update or revi\u00adse the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon in this press <\/i>release<\/i>, unless it is requi\u00adred to do so under Cana\u00addi\u00adan secu\u00adri\u00adties legislation.<\/i><\/p>\n

Neither the TSX<\/span> Ven\u00adture Exch\u00adan\u00adge nor its Regu\u00adla\u00adti\u00adon Ser\u00advices Pro\u00advi\u00adder (as that term is defi\u00adned in the poli\u00adci\u00ades of the TSX<\/span> Ven\u00adture Exch\u00adan\u00adge) accept respon\u00adsi\u00adbi\u00adli\u00adty for the ade\u00adquacy or accu\u00adra\u00adcy of this release.<\/i><\/b><\/p>\n

SOURCE<\/span> Acce\u00adle\u00adwa\u00adre Ltd.<\/p>\n

For fur\u00adther infor\u00adma\u00adti\u00adon: Geoff Clark, Chief Exe\u00adcu\u00adti\u00adve Offi\u00adcer, Tel: +1 (403) 249\u20119099, geoff.clark@acceleware.com, Acce\u00adle\u00adwa\u00adre Ltd., 435 10th Ave\u00adnue SE<\/span>, Cal\u00adga\u00adry, AB<\/span>, Cana\u00adda T2G<\/span> 0W3<\/span>, Tel: +1 (403) 249\u20119099, www.acceleware.com<\/p>\n

Related Links<\/h4>\n

acceleware.com<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Acce\u00adle\u00adwa\u00adre to pro\u00advi\u00adde human capi\u00adtal and con\u00adsul\u00adting ser\u00advices to sup\u00adport the deve\u00adlo\u00adp\u00adment of a new cen\u00adter of machi\u00adne lear\u00adning soft\u00adware excel\u00adlence in Calgary<\/p>\n

CALGARY<\/span>, Oct. 22, 2018 \/CNW<\/span>\/ \u2014 Acce\u00adle\u00adwa\u00adre Ltd. (TSX<\/span>\u2011V: AXE<\/span>) (\u201cAcce\u00adle\u00adwa\u00adre\u201d or the \u201cCom\u00adpa\u00adny\u201d) is plea\u00adsed to announ\u00adce it has signed an agree\u00adment (the \u201cAgree\u00adment\u201d) with a Cana\u00addi\u00adan affi\u00adlia\u00adte of Advan\u00adced Micro Devices, Inc. (NASDAQ<\/span>: AMD<\/span>) (\u201cAMD<\/span>\u201d). Over the next four months, Acce\u00adle\u00adwa\u00adre will recei\u00adve cash com\u00adpen\u00adsa\u00adti\u00adon of US<\/span>$2.51 mil\u00adli\u00adon from AMD<\/span> in exch\u00adan\u00adge for cus\u00adtom soft\u00adware engi\u00adnee\u00adring resour\u00adces and con\u00adsul\u00adting ser\u00advices.  Acce\u00adle\u00adwa\u00adre has amas\u00adsed exten\u00adsi\u00adve par\u00adal\u00adlel com\u00adpu\u00adting soft\u00adware deve\u00adlo\u00adp\u00adment exper\u00adti\u00adse and GPU<\/span> acce\u00adle\u00adra\u00adted HPC<\/span> appli\u00adca\u00adti\u00adons know\u00adledge as a result of its num\u00ade\u00adrous soft\u00adware pro\u00adducts and the pro\u00advi\u00adsi\u00adon of cus\u00adtom soft\u00adware deve\u00adlo\u00adp\u00adment ser\u00advices to the oil and gas indus\u00adtry.  As part of the Agree\u00adment, the Company\u2019s cus\u00adtom soft\u00adware deve\u00adlo\u00adp\u00adment team will tran\u00adsi\u00adti\u00adon to a new AMD<\/span> site in Cal\u00adga\u00adry, expan\u00adding AMD<\/span>\u2019s exis\u00adting foot\u00adprint in Cana\u00adda. Acce\u00adle\u00adwa\u00adre will also pro\u00advi\u00adde con\u00adsul\u00adting ser\u00advices to AMD<\/span>. (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[1607,966,1608],"class_list":["post-41213","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-acceleware","tag-amd","tag-machine-learning","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/41213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=41213"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/41213\/revisions"}],"predecessor-version":[{"id":41214,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/41213\/revisions\/41214"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=41213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=41213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=41213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}